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MarcellusLUX
Aug 16, 2021 6:06 AM

EUR/USD rise from support level, buy the dips Long

FX:EURUSD1W
Euro Fx/U.S. DollarFXCM

Description

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EUR/USD has rebounded from the 1.17 strong support level. We can also see the formation
of a bullish candlestick in the weekly chart.

In addition to this, EUR/USD is showing bullish price action after touching the 100 week EMA.

These three factors make a strong case to buy any dips in EUR/USD in the coming days.

I recommend traders to buy EUR/USD between 1.1740-1.1770 with SL below 1.1680 and
TP at 1.19 and 1.21 respectively for the next 4-6 weeks.
Trend AnalysisChart PatternsBeyond Technical AnalysisEURUSDeurusdlongeurusdpredictioneurusdforecasteurusdideaeurusdsignaleurusdanalysis
Comments
YourLazyTrader
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Excellent analysis. Keep going!
PEAKBUL_FX
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My favorite pair of all time. Can't wait to take pips from this pair.
jojofang0901
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interesting :) thx for your view
Helical_Trades
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Great one just like always !
Appreciate your great work mate ❤️
Thanks for sharing your outlook 😃
BigBullishCoins
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Nice article, interesting perspective thanks for sharing
ForexTrendline
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Awesome job mate, keep up the good work! Here's our idea on EURUSD
financialflagship
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Excellent setup, thanks for the heads-up.
MohamedElsodoody
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here is fundamental outlook explanation, I hope you read it.
MohamedElsodoody
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Hello my friend, i hope you allow me share my point of view, the 1.1789 is not considered as buying dips before Powell’s speaks tomorrow, it is most likely he would announce taper and price will decline to 1.1650, if he delay taper then yes price will increase to 1.1850. Signal you give is not confirmed fundamentally.
Mihai_Iacob
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Very good!
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